Altcoin Rise Predictions Begin to Emerge in 2024:
Big Analysts Are Preparing for a Bitcoin Super Bull Run
As the crypto bull run slows in the mid-Q2 of 2024, analysts are fighting panic selling (FUD) with super bullish altcoin predictions.
Prominent cryptocurrency account Altcoin Daily published a long list of predictions earlier this week, predicting Bitcoin (BTC) will reach $120,000, Ethereum (ETH) will reach $8,800, and Solana (SOL) will reach $720.
According to these predictions, Bitcoin will rise nearly 100% to $60,600, while Ethereum and Solana will rise 200% and 400%, respectively.
Another well-known cryptocurrency analyst, Deezy.eth, also shared his own predictions. He predicts that Cardano (ADA) will rise 13.25 times (1225%) from current levels, from $0.445 to $5.90.
He predicts that Ripple (XRP) will rise to $1.80 and Dogecoin (DOGE) will rise to $0.50. This would represent gains of 260% and 250%, respectively.
These extremely bullish altcoin predictions come at a time of increased fear, uncertainty, and doubt (FUD) in the cryptocurrency market.
In February-March, as Bitcoin reached all-time highs above $70,000, many altcoins and meme coins rose along with it.
However, the market saw a sharp correction due to a decline in interest in spot Bitcoin ETFs and macroeconomic headwinds.
While Bitcoin is down 17% from its March high of $74,000, many altcoins have fallen more severely: Solana is down 30%, XRP is down 32%, Dogecoin is down 37%, and Cardano is down 45%.
Historically, it is known that the post-halving BTC rally usually begins within 4-6 months. The April halving was not expected to trigger an immediate rally. The post-halving slump usually coincides with the summer seasonality of the cryptocurrency market and the consolidation process.
Therefore, a sudden rally should not be expected, but it is undeniable that we are in the middle of a new bull market.
However, 10x Research warns that unlocking tokens could hinder the rise of alternative coins if venture capital firms (VCs) exit.
Click on the avatar to follow my homepage for more information, bull market strategy layout, free sharing, and being a free blogger, just to increase fans.
